Cwm LLC Grows Position in Knowles Co. (NYSE:KN)

Cwm LLC raised its position in Knowles Co. (NYSE:KNGet Rating) by 201.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,449 shares of the communications equipment provider’s stock after acquiring an additional 1,636 shares during the quarter. Cwm LLC’s holdings in Knowles were worth $30,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Knowles by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 10,244,149 shares of the communications equipment provider’s stock valued at $220,556,000 after acquiring an additional 110,065 shares during the last quarter. Franklin Resources Inc. boosted its position in Knowles by 1.1% during the second quarter. Franklin Resources Inc. now owns 10,145,776 shares of the communications equipment provider’s stock worth $175,827,000 after purchasing an additional 111,548 shares in the last quarter. State Street Corp boosted its position in Knowles by 9.5% during the first quarter. State Street Corp now owns 3,243,302 shares of the communications equipment provider’s stock worth $69,828,000 after purchasing an additional 282,174 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in shares of Knowles by 56.3% in the second quarter. Thrivent Financial for Lutherans now owns 2,640,558 shares of the communications equipment provider’s stock valued at $45,761,000 after acquiring an additional 950,629 shares in the last quarter. Finally, Aristotle Capital Boston LLC lifted its position in shares of Knowles by 0.4% in the second quarter. Aristotle Capital Boston LLC now owns 2,433,597 shares of the communications equipment provider’s stock valued at $42,174,000 after acquiring an additional 9,350 shares in the last quarter. Institutional investors own 99.15% of the company’s stock.

Insider Buying and Selling at Knowles

In other Knowles news, Director Daniel J. Crowley acquired 2,000 shares of Knowles stock in a transaction that occurred on Wednesday, November 2nd. The stock was acquired at an average price of $13.97 per share, with a total value of $27,940.00. Following the purchase, the director now owns 19,815 shares in the company, valued at $276,815.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 3.15% of the company’s stock.

Knowles Trading Up 2.1 %

Knowles stock opened at $18.34 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.39 and a current ratio of 2.87. The firm has a market cap of $1.67 billion, a price-to-earnings ratio of -12.74 and a beta of 1.43. Knowles Co. has a 1 year low of $11.57 and a 1 year high of $23.41. The firm’s 50 day moving average price is $16.32 and its two-hundred day moving average price is $15.48.

Knowles (NYSE:KNGet Rating) last posted its quarterly earnings results on Thursday, October 27th. The communications equipment provider reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.07. Knowles had a negative net margin of 16.15% and a positive return on equity of 7.98%. The firm had revenue of $178.20 million for the quarter, compared to analyst estimates of $177.50 million. On average, research analysts predict that Knowles Co. will post 0.98 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. StockNews.com assumed coverage on Knowles in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Craig Hallum dropped their price target on Knowles to $18.00 in a research report on Tuesday, November 1st. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $20.10.

Knowles Profile

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Knowles Corporation offers micro-acoustic microphones and balanced armature speakers, audio solutions, high performance capacitors, and radio frequency products for the consumer electronics, medtech, defense, electric vehicle, industrial, and communications markets. It operates in two segments, Audio and Precision Devices (PD).

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Institutional Ownership by Quarter for Knowles (NYSE:KN)

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